Proact IT Stock Forward View
| PACT Stock | SEK 101.80 0.40 0.39% |
Proact Stock outlook is based on your current time horizon.
At this time, the value of RSI of Proact IT's share price is approaching 39 indicating that the stock is in nutural position, most likellhy at or near its support level. The main point of RSI analysis is to track how fast people are buying or selling Proact IT, making its price go up or down. Momentum 39
Sell Extended
Oversold | Overbought |
Using Proact IT hype-based prediction, you can estimate the value of Proact IT Group from the perspective of Proact IT response to recently generated media hype and the effects of current headlines on its competitors.
The Naive Prediction forecasted value of Proact IT Group on the next trading day is expected to be 97.52 with a mean absolute deviation of 1.62 and the sum of the absolute errors of 99.08. Proact IT after-hype prediction price | SEK 101.8 |
There is no one specific way to measure market sentiment using hype analysis or a similar predictive technique. This prediction method should be used in combination with more fundamental and traditional techniques such as stock price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
Proact |
Proact IT Additional Predictive Modules
Most predictive techniques to examine Proact price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Proact using various technical indicators. When you analyze Proact charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Proact IT Naive Prediction Price Forecast For the 1st of February
Given 90 days horizon, the Naive Prediction forecasted value of Proact IT Group on the next trading day is expected to be 97.52 with a mean absolute deviation of 1.62, mean absolute percentage error of 4.01, and the sum of the absolute errors of 99.08.Please note that although there have been many attempts to predict Proact Stock prices using its time series forecasting, we generally do not recommend using it to place bets in the real market. The most commonly used models for forecasting predictions are the autoregressive models, which specify that Proact IT's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Proact IT Stock Forecast Pattern
| Backtest Proact IT | Proact IT Price Prediction | Buy or Sell Advice |
Proact IT Forecasted Value
In the context of forecasting Proact IT's Stock value on the next trading day, we examine the predictive performance of the model to find good statistically significant boundaries of downside and upside scenarios. Proact IT's downside and upside margins for the forecasting period are 96.17 and 98.86, respectively. We have considered Proact IT's daily market price to evaluate the above model's predictive performance. Remember, however, there is no scientific proof or empirical evidence that traditional linear or nonlinear forecasting models outperform artificial intelligence and frequency domain models to provide accurate forecasts consistently.
Model Predictive Factors
The below table displays some essential indicators generated by the model showing the Naive Prediction forecasting method's relative quality and the estimations of the prediction error of Proact IT stock data series using in forecasting. Note that when a statistical model is used to represent Proact IT stock, the representation will rarely be exact; so some information will be lost using the model to explain the process. AIC estimates the relative amount of information lost by a given model: the less information a model loses, the higher its quality.| AIC | Akaike Information Criteria | 119.4983 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 1.6243 |
| MAPE | Mean absolute percentage error | 0.0153 |
| SAE | Sum of the absolute errors | 99.0845 |
Predictive Modules for Proact IT
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Proact IT Group. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Proact IT After-Hype Price Density Analysis
As far as predicting the price of Proact IT at your current risk attitude, this probability distribution graph shows the chance that the prediction will fall between or within a specific range. We use this chart to confirm that your returns on investing in Proact IT or, for that matter, your successful expectations of its future price, cannot be replicated consistently. Please note, a large amount of money has been lost over the years by many investors who confused the symmetrical distributions of Stock prices, such as prices of Proact IT, with the unreliable approximations that try to describe financial returns.
Next price density |
| Expected price to next headline |
Proact IT Estimiated After-Hype Price Volatility
In the context of predicting Proact IT's stock value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on Proact IT's historical news coverage. Proact IT's after-hype downside and upside margins for the prediction period are 100.45 and 103.15, respectively. We have considered Proact IT's daily market price in relation to the headlines to evaluate this method's predictive performance. Remember, however, there is no scientific proof or empirical evidence that news-based prediction models outperform traditional linear, nonlinear models or artificial intelligence models to provide accurate predictions consistently.
Current Value
Proact IT is very steady at this time. Analysis and calculation of next after-hype price of Proact IT Group is based on 3 months time horizon.
Proact IT Stock Price Outlook Analysis
Have you ever been surprised when a price of a Company such as Proact IT is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Proact IT backward and forwards among themselves. Have you ever observed a lot of a particular company's price movement is driven by press releases or news about the company that has nothing to do with actual earnings? Usually, hype to individual companies acts as price momentum. If not enough favorable publicity is forthcoming, the Stock price eventually runs out of speed. So, the rule of thumb here is that as long as this news hype has nothing to do with immediate earnings, you should pay more attention to it. If you see this tendency with Proact IT, there might be something going there, and it might present an excellent short sale opportunity.
| Expected Return | Period Volatility | Hype Elasticity | Related Elasticity | News Density | Related Density | Expected Hype |
0.01 | 1.35 | 0.00 | 0.00 | 0 Events / Month | 0 Events / Month | Within a week |
| Latest traded price | Expected after-news price | Potential return on next major news | Average after-hype volatility | |
101.80 | 101.80 | 0.00 |
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Proact IT Hype Timeline
Proact IT Group is at this time traded for 101.80on Stockholm Exchange of Sweden. The entity stock is not elastic to its hype. The average elasticity to hype of competition is 0.0. Proact is anticipated not to react to the next headline, with the price staying at about the same level, and average media hype impact volatility is insignificant. The immediate return on the next news is anticipated to be very small, whereas the daily expected return is at this time at -0.01%. %. The volatility of related hype on Proact IT is about 0.0%, with the expected price after the next announcement by competition of 101.80. About 14.0% of the company outstanding shares are owned by corporate insiders. The book value of Proact IT was at this time reported as 33.49. The company has Price/Earnings To Growth (PEG) ratio of 0.98. Proact IT Group recorded earning per share (EPS) of 5.96. The entity last dividend was issued on the 6th of May 2022. The firm had 3:1 split on the 19th of May 2021. Assuming the 90 days trading horizon the next anticipated press release will be within a week. Check out Historical Fundamental Analysis of Proact IT to cross-verify your projections.Proact IT Related Hype Analysis
Having access to credible news sources related to Proact IT's direct competition is more important than ever and may enhance your ability to predict Proact IT's future price movements. Getting to know how Proact IT's peers react to changing market sentiment, related social signals, and mainstream news is a great way to find investing opportunities and time the market. The summary table below summarizes the essential lagging indicators that can help you analyze how Proact IT may potentially react to the hype associated with one of its peers.
| HypeElasticity | NewsDensity | SemiDeviation | InformationRatio | PotentialUpside | ValueAt Risk | MaximumDrawdown | |||
| DUST | Dustin Group AB | 0.00 | 0 per month | 0.00 | (0.1) | 5.03 | (4.30) | 16.16 | |
| KNOW | Know IT AB | 0.00 | 0 per month | 1.28 | 0.06 | 3.42 | (2.62) | 17.25 | |
| EXS | Exsitec Holding AB | 0.00 | 0 per month | 1.46 | (0.01) | 2.56 | (2.58) | 15.00 | |
| SOF-B | Softronic AB | 0.00 | 0 per month | 0.00 | (0.12) | 1.15 | (1.84) | 8.33 | |
| VERT-B | Vertiseit AB Series | 0.00 | 0 per month | 0.00 | (0.11) | 5.18 | (4.62) | 18.24 | |
| SEYE | Smart Eye AB | 0.00 | 0 per month | 2.92 | (0.01) | 5.42 | (5.44) | 17.02 | |
| CAG | CAG Group AB | 0.00 | 0 per month | 0.00 | (0.17) | 1.42 | (1.79) | 4.24 | |
| SF | Stillfront Group AB | 0.00 | 0 per month | 0.00 | (0.09) | 3.37 | (4.06) | 16.51 | |
| PREV-B | Prevas AB | 0.00 | 0 per month | 1.13 | 0.18 | 3.14 | (2.10) | 25.70 |
Other Forecasting Options for Proact IT
For every potential investor in Proact, whether a beginner or expert, Proact IT's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Proact Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Proact. Basic forecasting techniques help filter out the noise by identifying Proact IT's price trends.Proact IT Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Proact IT stock to make a market-neutral strategy. Peer analysis of Proact IT could also be used in its relative valuation, which is a method of valuing Proact IT by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Proact IT Market Strength Events
Market strength indicators help investors to evaluate how Proact IT stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Proact IT shares will generate the highest return on investment. By undertsting and applying Proact IT stock market strength indicators, traders can identify Proact IT Group entry and exit signals to maximize returns.
Proact IT Risk Indicators
The analysis of Proact IT's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Proact IT's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting proact stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 1.27 | |||
| Semi Deviation | 1.48 | |||
| Standard Deviation | 2.08 | |||
| Variance | 4.31 | |||
| Downside Variance | 2.71 | |||
| Semi Variance | 2.2 | |||
| Expected Short fall | (1.34) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Story Coverage note for Proact IT
The number of cover stories for Proact IT depends on current market conditions and Proact IT's risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that Proact IT is classified under. However, while its typical story may have numerous social followers, the rapid visibility can also attract short-sellers, who usually are skeptical about Proact IT's long-term prospects. So, having above-average coverage will typically attract above-average short interest, leading to significant price volatility.
Other Macroaxis Stories
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Proact IT Short Properties
Proact IT's future price predictability will typically decrease when Proact IT's long traders begin to feel the short-sellers pressure to drive the price lower. The predictive aspect of Proact IT Group often depends not only on the future outlook of the potential Proact IT's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Proact IT's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 107.5 M | |
| Cash And Short Term Investments | 463.9 M |
Additional Tools for Proact Stock Analysis
When running Proact IT's price analysis, check to measure Proact IT's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Proact IT is operating at the current time. Most of Proact IT's value examination focuses on studying past and present price action to predict the probability of Proact IT's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Proact IT's price. Additionally, you may evaluate how the addition of Proact IT to your portfolios can decrease your overall portfolio volatility.